Training
Provided by Lorman Education Services
BenefitsAs not-for-profits continue to face challenges related to raising money, they are becoming more creative in soliciting donations, resulting in more donations of noncash assets and greater restrictions on contributions received. This is occurring at the same time that there is a higher focus on the definition of fair value. Contributions of gifts and services should be measured at the fair value of the assets or services received or promised. FAS 157,
Fair Value
Measurements, introduces new concepts of determining fair value of donations to not-for-profit organizations. Understanding and applying fair value concepts to certain assets where there is no observable market as in pledges and noncash assets is likely to present challenges as well as implementation issues. After attending this teleconference, you will have a clear understanding of issues related to identify contributions and restrictions. We will discuss issues related to valuing and recording certain common donations of noncash items, such as pledges, stock, services and works of art. We will also discuss the impact of fair value measurements on recording contributions and how to implement the new fair value measurements from an organizational perspective. This workshop is critical for those who are responsible for overseeing the financial operations of any not-for-profit organization.
Accountants, executive directors, officers, controllers,
CFOs, tax managers, enrolled agents and attorneys
| This is primarily teleseminar training |  | This class may be available at a classroom in Milwaukee, WI,
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 | Contact Lorman Education Services for more information |
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| Duration: | 1 days | | Training Presented in: | English |
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